Economic Science and Economic and Mathematical Models

The growing threats of the global crisis compel governments of all countries to develop anti-crisis measures. However, no country has a plan in the form of an algorithm of actions for overcoming the global crisis.

It is established that the economic development cyclicity launched during World War I with the inflation-deflation phases strengthens the expansion of the global crisis and military operations along with contributing to the concentration and centralization of the global capital. These phases of the cycle are served by the Keynes-Friedman monetary theories, which view the Ministry of Finance and the Central Bank as the main regulators of economic development. Basically, the institutionalism adherents suggest certain structural changes in the economy depending on the cycle phase. According to them, the international system of national accounting and applied econometric models for economic forecasting and planning shall serve the monetary goals.